We are having a record
year for issuance of corporate bonds.
High - quality bonds, in fact, have seen a huge
year for issuance despite the continual drumbeat of fixed income fears.
The bill provides high fines and imprisonment for up to seven
years for issuance and exchange of unofficial digital money.
Not exact matches
In its latest fiscal
year, Microsoft garnered a $ 792 - million tax deduction
for its
issuance of shares.
High - yield, or junk,
issuance, also has been strong at $ 224.3 billion, though it is nearly 9 percent off last
year's total
for the same period, according to SIFMA.
The minister spoke with bond investors as part of preparations
for a third international bond
issuance, Reuters reported, after the company placed US$ 17.5 billion in bonds last
year and a US$ 9 - billion Sharia - compliant sukuk bond in April this
year.
The 10
year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary benchmark
for the U.S. bond market because it has the largest
issuance and is used as the basis
for fixed rate mortgage pricing.
So we could see a glut of
issuance causing prices to fall late this
year, but lower supply next
year acts as a positive technical factor
for the municipal market.
We are so thrilled that our Instant
Issuance for Disaster Relief program won both the Fintech / Incumbent Collab of the
Year and the Sonja Halvorson Memorial Social Merit awards at ACT Canada yesterday with our partner Mastercard Canada!
Moreover, money
for fiscal stimulus may translate into net Treasury
issuance this
year of US$ 1.3 trillion at a time when the Fed itself is no longer a buyer.
Year - to - date issuance for global high - yield debt reached the highest level for any full year in September and continues to exp
Year - to - date
issuance for global high - yield debt reached the highest level
for any full
year in September and continues to exp
year in September and continues to expand.
Meanwhile, Albert Edwards of SocGen suggested that there has been an excessive «move away from equities» in recent
years — instead of noting,
for example, that the volume of U.S. government debt foisted upon the public (even excluding what has been purchased by the Fed) has doubled since 2007, not to mention other sources of global debt
issuance, while the market capitalization of stocks has merely recovered to its previously overvalued highs.
In all, so - called «reverse Yankee credits» account
for more than 20 % of European corporate debt
issuance so far this
year, feeding a patriotism of sorts in continental financial circles.
The resulting increase in corporate bond
issuance has pushed up swap spreads, with the spread on US 10 -
year (bank / government) swaps,
for example, recently at its highest level
for several
years (Graph 7).
«We're seeing tons of demand
for digital asset
issuance across the board,» said IBM's new head of blockchain development Jesse Lund, who was hired from Wells Fargo earlier this
year to help develop the computer giant's cryptocurrency strategy.
In the first three quarters of 2017, green bond
issuance reached USD 83 billion, nearing the
issuance reported by the Climate Bond Initiative
for full -
year 2016 (see Exhibit 1).
The timeline
for a patent to be issued varies greatly, but on average (from filing to
issuance) it takes six months to three
years.
Total
issuance for 2017 ended the
year at $ 1.63 trillion, slightly below $ 1.65 trillion in 2016.
Indeed, the supply of dollar bond
issuance in this
year's first quarter hit record levels, and those levels don't account
for the increased use of «reverse Yankee
issuance,» whereby U.S. corporations issue into European markets denominated in euros.
This credit will be available
for up to one
year from the date of
issuance.
For example, the Bloomberg Barclays Green Bond Index, which was launched in 2014, has lagged the broad - based Barclays Global Aggregate slightly over the last three years — but keep in mind that overall returns don't account for the boom in green bond issuance over that peri
For example, the Bloomberg Barclays Green Bond Index, which was launched in 2014, has lagged the broad - based Barclays Global Aggregate slightly over the last three
years — but keep in mind that overall returns don't account
for the boom in green bond issuance over that peri
for the boom in green bond
issuance over that period.
Cancellations of DRs outpaced
issuances last
year, notes Reyes, but that trend has reversed this
year, which is a positive indicator
for the market.
Sovereigns continue to lead debt
issuance in the Gulf Cooperation Council countries, with further major
issuances planned
for this
year, as countries look to plug deficits.
HIGH - YIELD
ISSUANCE Issuance in the high - yield bond market totaled $ 34.4 billion in October, the third - highest monthly total for the year to date, behind the record $ 44.6 billion in September and $ 37.2 billion in February, according to KDP Investment A
ISSUANCE Issuance in the high - yield bond market totaled $ 34.4 billion in October, the third - highest monthly total for the year to date, behind the record $ 44.6 billion in September and $ 37.2 billion in February, according to KDP Investment A
Issuance in the high - yield bond market totaled $ 34.4 billion in October, the third - highest monthly total
for the
year to date, behind the record $ 44.6 billion in September and $ 37.2 billion in February, according to KDP Investment Advisors.
It would not surprise us to see
issuance climb to over $ 55 billion by
year - end, and it could break the existing record
for issuance (December 1985: $ 58 billion — when issuers were trying to beat the last major tax bill).
Officials also added that an upcoming bond
issuance of $ 7.86 million to fund various park projects in the next two
years will not increase taxes
for residents.
At the same time, the budget calls
for new debt
issuances, outstanding debt and annual service payments over the next five
years.
On the
issuance of $ 2.5 bn
for financing the Appropriation Act, Buhari noted that in order to implement the external borrowing plan approved by the National Assembly in the 2017 Appropriation Act, the Federal Government issued a $ 300m Diaspora Bond in the international capital market in June this
year.
Notwithstanding the foregoing provisions, but subject to such requirements as the legislature shall impose by general or special law, indebtedness contracted by any county, city, town, village or school district and each portion thereof from time to time contracted
for any object or purpose
for which indebtedness may be contracted may also be financed by sinking fund bonds with a maximum maturity of fifty
years, which shall be redeemed through annual contributions to sinking funds established by such county, city, town, village or school district, provided, however, that each such annual contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of the contribution, the same amount of such indebtedness as would have been paid and then be payable if such indebtedness had been financed entirely by the
issuance of serial bonds, except, if an issue of sinking fund bonds is combined
for sale with an issue of serial bonds,
for the same object or purpose, then the amount of each annual sinking fund contribution shall be at least equal to the amount required, if any, to enable the sinking fund to redeem, on the date of each such annual contribution, (i) the amount which would be required to be paid annually if such indebtedness had been issued entirely as serial bonds, less (ii) the amount of indebtedness, if any, to be paid during such
year on the portion of such indebtedness actually issued as serial bonds.
O'Neill said that over the past four
years, top charge marijuana arrests citywide are down 32 percent, while the
issuance of summonses is up 57 percent, and that overall calls
for service from the public about marijuana are up 26 percent.
The
issuance of 35,000 pardons at once would be remarkable
for any governor, but it is particularly so
for Mr. Cuomo, who, during his first two
years in office, did not issue any pardons; by the end of his fifth
year, he had issued eight.
-- Within 18 months after the date of enactment of this section, the Administrator shall promulgate regulations to provide
for the
issuance of offset credits
for the destruction, in the calendar
year 2012 or later, of chlorofluorocarbons in the United States.
The Department of Financial Planning and Budget Services is proud to announce the Meritorious Budget Award presented to Milwaukee Public Schools by Association of School Business Officials International (ASBO)
for excellence in preparation and
issuance of its budget
for the Fiscal
Year 2016 — 17.
Each statement of status of eligibility is valid
for 3
years after its date of
issuance, except as provided in paragraph (2)(d).
Basically, its provisions are as follows: If a prospective teacher who has a baccalaureate or advanced degree in an academic major other than education passes the appropriate certification exams and background checks and is hired by a school district to teach in the subject area of preparation in grades 8 - 12, the candidate will be granted a probationary certificate
for a maximum of two
years, at the end of which time the school district decides, based on the teacher's performance, whether or not to recommend the
issuance of full standard certification.
This report summarizes data on the
issuance and renewal of emergency certificates
for the past three school
years.
-- If final regulations have not been issued pursuant to this section,
for new construction or alterations
for which a valid and appropriate State or local building permit is obtained prior to the
issuance of final regulations under this section, and
for which the construction or alteration authorized by such permit begins within one
year of the receipt of such permit and is completed under the terms of such permit, compliance with the Uniform Federal Accessibility Standards in effect at the time the building permit is issued shall suffice to satisfy the requirement that facilities be readily accessible to and usable by persons with disabilities as required under section 303, except that, if such final regulations have not been issued one
year after the Architectural and Transportation Barriers Compliance Board has issued the supplemental minimum guidelines required under section 504 (a) of this Act, compliance with such supplemental minimum guidelines shall be necessary to satisfy the requirement that facilities be readily accessible to and usable by persons with disabilities prior to
issuance of the final regulations.
Combined, U.S. corporate
issuance is on pace
for another record
year, which would mark the sixth consecutive
year of increased corporate debt
issuance (see Exhibits 1 and 2).
While the past six
years have been conducive
for corporate debt
issuance, the current environment of easy monetary conditions may not continue.
For example, if a $ 5,000 tax - exempt bond (issued at par on January 1, 2003) with a 20 -
year maturity were purchased five
years after its
issuance (on January 1, 2008) at a price of $ 4,400, the market discount would be $ 600.
Despite three interest rate hikes, record
issuance, and a total market size climbing toward the USD 1 trillion mark, the dominating theme
for loans in 2017 has been the massive amount of repricings that have occurred throughout the
year.
Based on the average interest rates of benchmark SGS the month before, and may be adjusted to maintain the «step - up» feature if market conditions do not allow it Note: At
issuance, interest rates
for the entire 10 -
year term are fixed and locked in
for each issue
This term life insurance benefit is paid subject to the policy being inforce and the premiums
for 2 consecutive term insurance policy
years from the date of
issuance or the date of latest reinstatement have been paid
For instance, in the
year ending September 30, 2016, the Citi RAFI Sovereign Developed Market Bond Index, an index that anchors on fundamental measures of a country's size relative to the world economy, underperformed an
issuance - weighted index by approximately 1.5 %.
The Treasury
issuance calendar is light
for this week including Bill
issuance and $ 9 billion of the 30 -
year TIPS on Thursday.
Elite Night Credits are eligible
for Elite Roll Over Nights the first
year following the date of
issuance, but will not carry - over thereafter.
A total of 19 sukuk with total outstanding par of USD 15.75 billion were added into the index last
year; however, no new sukuk
issuances are eligible
for inclusion so far this
year.
Combined, companies from these three sectors accounted
for more than 50 % of all debt
issuances to enter the index in the
year.
The total local currency new
issuances in the index was only around one - third of last
year's rate, as Indonesian sovereigns continued to tap into different foreign currency markets;
for example, they raised USD 4 billion from its global bond
issuance in the first week of December.
Disclosures about purchases, sales,
issuances, and settlements in the rollforward of activity in Level 3 fair value measurements are effective
for fiscal
years beginning after December 15, 2010 and
for interim periods within those fiscal
years.